sec.45Category 2 investment power

### sec.45 Category 2 investment power Category 2 investment power is the power to invest in all or any of the following— if the investment is at call or for a fixed time of not more than 1 year—an investment arrangement with a rating prescribed under a regulation for section 44 (1) (e) ; if the investment is at call or for a fixed time of not more than 3 years— deposits with a financial institution; or investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this subparagraph; if the investment is for a fixed time of not less than 1 year and not more than 3 years—an investment arrangement with a rating prescribed under a regulation for this paragraph; other investment arrangements prescribed under a regulation for this paragraph. s 45 sub 1996 No. 54 s 8 amd 2003 No. 12 s 11 - (a) if the investment is at call or for a fixed time of not more than 1 year—an investment arrangement with a rating prescribed under a regulation for section 44 (1) (e) ; - (b) if the investment is at call or for a fixed time of not more than 3 years— (i) deposits with a financial institution; or (ii) investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or (iii) other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or (iv) investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this subparagraph; - (i) deposits with a financial institution; or - (ii) investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or - (iii) other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or - (iv) investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this subparagraph; - (c) if the investment is for a fixed time of not less than 1 year and not more than 3 years—an investment arrangement with a rating prescribed under a regulation for this paragraph; - (d) other investment arrangements prescribed under a regulation for this paragraph. - (i) deposits with a financial institution; or - (ii) investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or - (iii) other investment arrangements secured by investment arrangements accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution; or - (iv) investment arrangements, managed or offered by QIC or QTC, prescribed under a regulation for this subparagraph;